Avangrid

The Massachusetts-funded project was designed to deliver 1,200 megawatts of renewable power from Québec to New England.

Avangrid Inc. secured the final permit required for the New England Clean Energy Connect transmission line project, years in the making.

Linda Ball, who has served as CMP’s vice president of customer service since 2019, has taken the reins as president of Maine's largest utility, succeeding Joe Purington, who has been named CEO of Avangrid Networks.

The five-month program will support nonprofit leaders in the development of an entrepreneurial approach to growing their organizations.

A monthly increase for residential customers of nearly $5 reflects the utility's need to cover costs incurred by extreme storm cleanup and legislative mandates.

Central Maine Power expects to complete the upgrade by the end of 2025.

The transaction, which is subject to approval by the Maine Public Utilities Commission, is expected to close by the end of the year, at which point Brunswick-based Maine Natural Gas would become a wholly owned subsidiary of Unitil.

Avangrid shareholders will receive $35.75 per share, and the company will be delisted from the New York Stock Exchange.

Two high bidders won leases for federal waters totaling 327,096 acres. The sites have the potential to power 2.3 million homes using floating wind-turbine technology.

The federal funding will go toward new technologies designed to improve the stability of the power grid and prepare it to handle more electricity from renewable energy sources.